Pictet Asset Management Holding SA Sells 32,799 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Pictet Asset Management Holding SA decreased its holdings in Celsius Holdings, Inc. (NASDAQ:CELH) by 60.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 21,182 shares of the company’s stock after selling 32,799 shares during the period. Pictet Asset Management Holding SA’s holdings in Celsius were worth $558,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Contrarius Group Holdings Ltd bought a new stake in shares of Celsius in the 4th quarter valued at about $75,535,000. Norges Bank bought a new stake in Celsius in the fourth quarter valued at approximately $72,579,000. Raymond James Financial Inc. bought a new stake in Celsius in the fourth quarter valued at approximately $61,160,000. SG Americas Securities LLC increased its position in Celsius by 10,320.0% during the 4th quarter. SG Americas Securities LLC now owns 1,932,813 shares of the company’s stock valued at $50,910,000 after purchasing an additional 1,914,264 shares during the period. Finally, American Century Companies Inc. raised its holdings in Celsius by 91.9% during the 4th quarter. American Century Companies Inc. now owns 933,870 shares of the company’s stock worth $24,598,000 after purchasing an additional 447,328 shares during the last quarter. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Celsius Price Performance

Shares of CELH opened at $33.89 on Wednesday. Celsius Holdings, Inc. has a 1 year low of $21.10 and a 1 year high of $98.85. The stock’s fifty day moving average price is $28.40 and its two-hundred day moving average price is $28.90. The firm has a market cap of $7.97 billion, a PE ratio of 77.02, a PEG ratio of 2.90 and a beta of 1.58.

Celsius (NASDAQ:CELH) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. The business had revenue of $332.20 million for the quarter, compared to analysts’ expectations of $326.07 million. Celsius had a return on equity of 51.89% and a net margin of 10.70%. Sell-side analysts anticipate that Celsius Holdings, Inc. will post 0.89 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Paul H. Storey sold 10,188 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $25.77, for a total transaction of $262,544.76. Following the sale, the insider now owns 45,297 shares of the company’s stock, valued at approximately $1,167,303.69. This represents a 18.36 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Joyce Russell sold 4,000 shares of Celsius stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $28.47, for a total value of $113,880.00. Following the transaction, the director now directly owns 19,106 shares of the company’s stock, valued at $543,947.82. The trade was a 17.31 % decrease in their position. The disclosure for this sale can be found here. 2.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

CELH has been the subject of several recent analyst reports. Stifel Nicolaus decreased their price objective on shares of Celsius from $45.00 to $37.00 and set a “buy” rating for the company in a research report on Monday, February 10th. Piper Sandler lowered their price objective on Celsius from $47.00 to $33.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. Morgan Stanley restated an “equal weight” rating and set a $42.00 target price on shares of Celsius in a research report on Thursday, December 26th. UBS Group lowered their target price on Celsius from $45.00 to $39.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Finally, Roth Mkm restated a “buy” rating and set a $38.00 price target on shares of Celsius in a report on Friday, February 21st. One research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Celsius currently has an average rating of “Moderate Buy” and a consensus target price of $45.00.

Celsius Company Profile

Celsius Holdings, Inc develops, processes, markets, distributes, and sells functional energy drinks and liquid supplements in the United States, Australia, New Zealand, Canadian, European, Middle Eastern, Asia-Pacific, and internationally. The company offers CELSIUS, a fitness drink or supplement designed to accelerate metabolism and burn body fat; various flavors and carbonated and non-carbonated functional energy drinks under the CELSIUS Originals and Vibe name, as well as functional energy drink under the CELSIUS Essentials and CELSIUS On-the-Go Powder names; and CELSIUS ready-to drink products.